Recently, Mishaboar, a prominent contributor and developer of Dogecoin, addressed widespread rumors about Elon Musk's supposed ownership of the popular cryptocurrency. Mishaboar dispelled the idea that Musk holds a substantial amount of Dogecoin, which was a common misconception during the previous bullish market cycle.

Mishaboar highlighted a significant piece of misinformation that circulated during Dogecoin's peak popularity. Influential figures, such as Changpeng Zhao (CZ), the former CEO of Binance, and some "smart" YouTubers, spread the false claim that a single whale owned 30% of Dogecoin's total supply. However, the developer clarified that this whale was actually the cold wallet of an exchange, specifically Robinhood, which held Dogecoin belonging to its users.

Emphasizing the importance of conducting independent research, Mishaboar cautioned against blindly trusting authority figures or market leaders. He indirectly addressed comments made by Changpeng Zhao (CZ) regarding Musk's alleged Dogecoin holdings, suggesting a broader context of discord between Binance and Dogecoin. Mishaboar alluded to issues with withdrawals and strained relations between Elon Musk and CZ.

In response to a follower's question about the Tesla founder and CZ's relationship, Mishaboar hinted at discord between the two figures. Musk had expressed concerns about Dogecoin withdrawals on Binance through cryptic tweets, which Mishaboar suggested should be scrutinized by DOGE enthusiasts.

Rather than blindly accepting narratives from media outlets and industry figures, Mishaboar encouraged DOGE supporters to critically examine claims and consider the broader implications of centralized exchanges' custodial practices.